Authored by Jill McLaughlin via The Epoch Times, California regulators fearing a dramatic drop in gasoline supply placed a five-year pause on Gov. Gavin Newsom’s penalty on oil industry profits Aug. 29. The decision is a blow to Newsom’s legislation aimed at penalizing the oil industry for allegedly driving up the state’s gas prices in 2022. California Energy Commission Vice Chair Siva Gunda said the state must shield motorists from price spikes at the pump even as it tries to transition to clean-energy fuel sources…
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